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Miscellaneous Expense

 
Insurance Dictionary: Miscellaneous Expenses

Hospital charges in addition to room and board. Miscellaneous expenses are covered under a basic hospital plan, with the limits of coverage expressed either as a multiple of the daily hospital benefit for room and board or as a flat dollar amount. Expenses included in the coverage are X-rays, drugs, bandages, operating room expenses, and ambulance services. See also Group Health Insurance; Health Insurance; Health Maintenance Organization (HMO).

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Accounting Dictionary: Miscellaneous Expense
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Incidental expense of a business, not classified as manufacturing, selling, or general and administrative expenses. It is presented on an income statement after operating income. Miscellaneous expenses are immaterial. A more precise designation or separate accounting for them results in a cost greater than the benefit received.

 
 

 

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Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved.  Read more